Coeur Mining, Inc. (NYSE:CDE) Director Sebastian Edwards Sells 20,000 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE) Director Sebastian Edwards sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $5.08, for a total transaction of $101,600.00. Following the sale, the director now directly owns 103,100 shares of the company’s stock, valued at $523,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Coeur Mining Stock Up 4.7 %

CDE stock opened at $5.34 on Thursday. Coeur Mining, Inc. has a 1 year low of $2.00 and a 1 year high of $5.47. The company has a fifty day simple moving average of $4.03 and a 200 day simple moving average of $3.23. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55. The firm has a market cap of $2.13 billion, a PE ratio of -16.47 and a beta of 1.77.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.11) earnings per share. Sell-side analysts anticipate that Coeur Mining, Inc. will post -0.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CDE. Roth Capital restated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $4.25 to $5.50 in a report on Friday, May 3rd. Raymond James raised their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a report on Monday, April 8th. Finally, Roth Mkm assumed coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $4.36.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System raised its stake in Coeur Mining by 4.1% during the fourth quarter. Arizona State Retirement System now owns 98,725 shares of the basic materials company’s stock worth $322,000 after acquiring an additional 3,899 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Coeur Mining by 1.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock valued at $806,000 after purchasing an additional 4,175 shares during the last quarter. Marotta Asset Management boosted its position in Coeur Mining by 50.0% in the first quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock valued at $57,000 after buying an additional 5,000 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Coeur Mining by 32.4% in the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock valued at $92,000 after buying an additional 5,956 shares in the last quarter. Finally, Sigma Planning Corp grew its stake in Coeur Mining by 35.3% during the third quarter. Sigma Planning Corp now owns 31,670 shares of the basic materials company’s stock worth $70,000 after buying an additional 8,260 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.